SHORTS NEWS

On December 14, MetaMask, a Web3 cryptocurrency wallet provider, and PayPal Holdings Inc. announced their partnership to ease out users' crypto buying experience. Follow these five steps to purchase ETH on MetaMask using PayPal:

• Log in to the MetaMask mobile application.

• Click the Buy button and select PayPal.

• Enter the amount of ETH you want to add to your MetaMask wallet.

• You will soon be redirected to the PayPal login page.

• Confirm the PayPal transaction and wait for the funds to be credited.

On Saturday, the official Twitter account of the YSR Congress Party was hacked and defaced.

The hackers replaced the images with Bored Ape Yacht Club (BAYC) images, which are non-fungible tokens (NFTs) used for cryptocurrency trading. The bio on Twitter has also been changed to "NFT Millionaire."

Andhra Pradesh Chief Digital Director Devendra Reddy Gurrampati confirmed that the website had been hacked and stated that they are working with Twitter officials to resolve the issue.

Not only do pro-crypto regulations exist, but so does a supporting infrastructure that allows for long-term crypto adoption in any jurisdiction.

Florida is the most crypto-ready state in the United States, according to factors such as the number of Bitcoin ATMs, blockchain companies, and public interest in cryptocurrencies.

The United States is home to 33,865 Bitcoin ATMs, accounting for 87.1% of all crypto ATM installations worldwide. Furthermore, the country contributes 37.8% of the global Bitcoin hash rate, making the US the most dominant player in crypto.

The meme coin economy's value increased 7.77% against the US dollar in the last month, while the meme token market leader dogecoin increased 29.4% in 30 days. 

Dogecoin has also risen from ninth to eighth in terms of crypto market valuation in the last month. Shiba inu, on the other hand, fell from thirteenth to fourteenth in terms of market capitalization.

While many crypto fraudsters have previously slipped through the cracks, FTX CEO Sam Bankman-Fried is not one of them (SBF). Parallel to the ongoing investigation into FTX frauds, the US Department of Justice (DOJ) is reportedly investigating a potential fraud involving SBF syphoning funds offshore just days before FTX declared bankruptcy. The federal investigation will look into SBF's role in improperly transferring FTX funds to the Bahamas, after the defunct cryptocurrency exchange filed for bankruptcy on November 11.

The Bahamian attorneys requested access to FTX's customer database in an emergency motion filed with a Delaware bankruptcy judge to aid their ongoing investigations. The motion emphasised previous failed attempts to access the database of the now-defunct crypto exchange. The Block, a media outlet that failed to disclose funding from Alameda Research, became the latest victim of FTX fraud. Mike McCaffrey, CEO of The Block, resigned after failing to disclose $27 million in loans from FTX's sister company Alameda Research.

Kevin O'Leary of "Shark Tank" claimed that FTX paid him $15 million to be the company's spokesman, but he lost nearly all of it when the crypto exchange went bankrupt. In an interview with CNBC on Thursday, O'Leary revealed that he invested about $9.7 million of his spokesman check in crypto tokens through his FTX account, which has since been depleted following the collapse of the exchange last month. He had $1 million in FTX equity, which is also now worthless. O'Leary stated that the remaining $4 million from the transaction went to taxes and agent fees.

Telegram, a messaging app, has released a new update that allows users to create accounts using blockchain-based anonymous numbers rather than cell phone numbers. Telegram already hides people's private phone numbers from non-added users, but users will now be able to hide numbers from everyone, which will likely please people who value privacy-focused features.